Hello from hong kong i am eli, and i am a publication copywriter and editor for the ft, standing within few days for mercedes, who is using a well-earned break. she's graciously kept united states with this huge story, a collaboration with james and stephanie findlay in brand new delhi on what nationalist fervour in asia is switching against chinese investors creating an opening for all of us tech companies to take a march to their rivals.
The tiktok tumult stayed near the top of the geopolitical agenda, with donald trump unexpectedly backing a recommended takeover by microsoft however with some curious caveats, including an unheard-of kickback when it comes to us treasury (top 10). one of many beneficiaries: japans line. not very merry: linkedin, the newest sandbox for chinese espionage (both top 10).
Dont miss henny senders analysis of just how chinas main lender is looking at an electronic money to rein with its own dominant technology leaders (best of comment). the ongoing future of electric batteries is promising in japan plus it looks supercharged (wise data). its been a pleasure to meet you. let us reach it.
India is starting to become the first big overseas battleground when you look at the us-china tech war. united states big tech organizations tend to be making ground against chinese competitors as anti-chinese belief bristles following a brutal border conflict, relating to this evaluation within the financial occasions.
A surge of chinese investment capital opportunities amounting to $4.3bn because the beginning of 2017 is looking more and more subjected and brand new chinese deals are in a standstill. by contrast, us capital raising and m&a inflows are surging.
Key implications: chinas prominence of indias tech start up scene has actually hitherto already been powerful. seven out-of indias top unicorns tend to be backed by a chinese strategic trader versus just one backed by a us equivalent. but a policy shift since the border clash in summer imperils china incs place.
Scores of chinese apps including tiktok, wechat, weibo yet others have already been prohibited by new delhi. bing pay, meanwhile, has actually emerged once the leading repayments software in asia while previous market frontrunner paytm, a $16bn start-up backed by alibaba, is languishing.
Upshot: big us tech including bing, twitter, amazon as well as others is witnessing asia as an el dorado and gaining ground on chinese competitors. but indias market is never easy. the trials of vodafone and cairn energy should sit as cautionary reports. further reading right here.
A round-up for the months peak stories from ft newsletter author eli meixler
Chinas central lender is also seeking to separation domestic big tech prominence with a digital money, writes henny sender. the experimental digital money is on test in a number of chinese towns as well as the pboc promises to put it to use to streamline digital payments and interbank settlements.
Regulators and executives at ant, alibabas economic affiliate, said pboc officials have actually alipay and wechat pay, the dominant digital payments platforms, firmly inside their crosshairs.
It is mostly about the role of an electronic digital currency for domestic retail use, said a senior professional in the hong kong financial authority familiar with the thinking on pboc. they want an even more standard playing industry for the banks. retail repayments are ruled by alibaba and tencent while finance companies are less energetic in electronic repayments.
Christian klein, 40, took over as single manager of sap, europes largest pc software business, in april. but he could be unhappy aided by the continents talent share.
European countries needs to do better if it really wants to contend with asia additionally the united states, he said. previously this present year the european commission revealed a plan to improve the blocs tech sovereignty and ensure that it could contend with the us and asia in artificial intelligence and analysis and use of information. european countries can be likely to build its own community of cloud computing and data services, known as gaia-x, that will be safeguarded by eu laws and regulations and gives an alternative to the us providers amazon, microsoft and google.
Additionally, brussels states it's going to invest 600m to coach more than 250,000 individuals across european countries with advanced level technology skills.
A new battery pack generation is dawning in japan. it appears to be bright and durable. fromsmartphones to drones to electric vehicles, the typical is lithium-ion, but japanese start-ups are creating brand new high-performance energy packswith 10 times more power.
Rechargeable battery packs are a historical energy of japans corporate tech, but the sector has arrived against tenacious chinese and south korean competition. today, japans hopes of staying atop an industry likely to be well worth over $25bn by 2035 remainder on its designers and their ability to turn out a brand new standard in lithium-metal battery packs.